Bitcoin
$44,907.16+3.67%
Ethereum
$3,147.42+2.99%
XRP
$0.997278+1.14%
Cardano
$2.31+3.23%
Polkadot
$33.18+6.16%
Stellar
$0.303195+4.02%
Dogecoin
$0.225527+2.15%
Chainlink
$25.29+4.25%
Uniswap
$21.44+0.63%
Polygon
$1.22+1.40%
Algorand
$1.98+9.25%
Cosmos
$41.06+4.90%
Litecoin
$164.67+3.11%
Bitcoin Cash
$552.07+2.11%
Wrapped Bitcoin
$44,790.87+3.67%
Filecoin
$74.29+0.13%
The Graph
$0.727634-0.81%
Tron
$0.098663+0.48%
Ethereum Classic
$51.18+0.98%
Tezos
$6.48+15.81%
Aave
$307.70+2.98%
Monero
$246.52+0.02%
NEO
$43.70+2.76%
EOS
$4.38+2.54%
IOTA
$1.38+2.45%
BitTorrent
$0.003510+0.75%
Bitcoin SV
$146.35+0.73%
Waves
$24.91+1.27%
Maker
$2,496.34-0.41%
Dash
$182.99+5.11%
Decentraland
$0.758258+4.82%
Decred
$119.74+2.65%
ICON
$1.70+4.09%
NEM
$0.161862+2.74%
Zcash
$122.63+1.94%
OmiseGO
$9.71-0.66%
NuCypher
$0.296822+3.55%
Paxos Standard
$1.00+0.01%
Yearn Finance
$31,273.64+3.40%
Qtum
$10.87+0.92%
Bitcoin Gold
$56.48+1.18%
Basic Attention Token
$0.702170+2.71%
0x
$0.990565+3.52%
Fetch.ai
$0.837880+11.72%
Ren
$0.925184+12.89%
Kava.io
$6.07+11.08%
Bancor
$3.68+2.35%
Band Protocol
$8.06+4.48%
Siacoin
$0.016308+2.99%
Nano
$5.09+3.46%
Loopring
$0.410250+0.93%
Civic
$0.511010+20.50%
Storj
$1.18+3.95%
Numeraire
$42.60+3.19%
Lisk
$3.11+0.02%
Orchid
$0.349503+1.28%
PAX Gold
$1,755.73-0.84%
Enzyme
$143.25-6.44%
Augur
$22.69+1.16%
Aragon
$5.16+0.82%
district0x
$0.161978+4.38%
Kyber Network
$1.57+2.29%
SingularDTV
$0.001375-0.66%
Tether
$1.00-0.01%
USD Coin
$0.999943-0.02%
Dai
$1.00-0.01%

Grayscale: Valuing Bitcoin

Aug 27, 2020 at 9:33 p.m. UTC
Updated Aug 23, 2021 at 8:48 p.m. UTC

Grayscale Investments’ research team unpacks a handful of supply-side and demand-side metrics to help investors think about BTC valuation. Demand indicators like Active Addresses and Daily Network Activity as well as Supply Indicators like Bitcoin Days Destroyed and Realized Capitalization are examined to reveal the current market structure is reminiscent of early 2016, the period that preceded Bitcoin’s historic bull run.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...